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Bulletin: Real Estate Company Akelius' Updated Financial Policy Aligns With Our Current 'BBB' Rating

Published Feb 08, 2021

2 pages (1221 words) — Published Feb 08, 2021

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Abstract:

STOCKHOLM (S&P Global Ratings) Feb. 8, 2021--S&P Global Ratings today said that although Sweden-based residential real estate company Akelius Residential Property AB (BBB/Stable/A-2) has updated its financial policy to accommodate its growth appetite in the next few years, its targets still align with our current thresholds for the rating. On Feb. 8, 2021, Akelius announced that it has increased its maximum reported loan-to-value ratio to 45% from 40%. This translates into S&P Global Ratings-adjusted debt to debt plus equity of about 55%, which corresponds to our downside threshold of the rating. In August 2020, the company revised its business model and plans to double the size of its current real estate portfolio of about €12 billion over the next 10

Report Type:

Bulletin

Issuer

Akelius Residential Property AB

Sector

Global Issuers, Structured Finance

Country

Sweden

Region

Europe, Middle East, Africa

Format:

PDF

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Akelius Residential Property AB – 2020/04/07 – US$ 500.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Real Estate Company Akelius' Updated Financial Policy Aligns With Our Current 'BBB' Rating" Feb 08, 2021. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Real-Estate-Company-Akelius-Updated-Financial-Policy-Aligns-With-Our-Current-BBB-Rating-2592017>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Real Estate Company Akelius' Updated Financial Policy Aligns With Our Current 'BBB' Rating Feb 08, 2021. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Real-Estate-Company-Akelius-Updated-Financial-Policy-Aligns-With-Our-Current-BBB-Rating-2592017>

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